HOME APPRAISAL
PROCESS

An appraisal gives you and your lender an estimate of a home’s value. It helps make sure your offer, the purchase price, is in line with the home’s fair market value. To make an appraisal, the home is inspected and compared to similar homes in the area that have been sold within the last six to twelve months. While PrimeLending chooses who will conduct the appraisal, this is generally an expense paid for by the buyer.

FACTORS CONSIDERED IN AN APPRAISAL

Sales price of other homes.

Overall condition of the home.

Unique features of the home.

Square footage of the home.

Quality of the lanscaping.

Visual inspections like foundation.

Number of beds and baths.

Amenities like swimming pools.

Finishing details like wood floors.

SELLING YOUR HOME

HOVER TO LEARN MORE

PROBLEM AREAS APPRAISERS LOOK FOR

CRACKS IN THE FOUNDATION

OUTDATED

ROOF

GARAGE DOOR OPENER

WATER

STAINS

WIRING NOT UP TO CODE

LEAKING

PIPES

DID YOU KNOW?

It’s important to know the appraisal is not the same thing as your home inspection, which will occur after your sales contract is signed. The appraisal primarily documents obvious visual conditions, along with a cost and size comparison to other homes. You should receive your report within several days to a week or so.

(877) 875-7356 

clarkteam@primelending.com 

NMLS #126585

18111 Preston Rd #500, 

Dallas, TX 75252

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© 2020 PrimeLending, a PlainsCapital Company NMLS ID: 13649. PRIMELENDING A PLAINSCAPITAL COMPANY® and HOME LOANS MADE SIMPLE® are trademarks, service marks, or registered trademarks or service marks of PrimeLending, a Plains Capital Company. You may not use, display or reproduce them without the prior written consent of PrimeLending. Further, you may not remove, obscure, or otherwise modify any copyright, trademark, confidentiality or other proprietary rights notices displayed on, embedded in, or otherwise appearing in any content offered by, viewed on, or received through this site.

All other trademarks identified and contained herein are the property of their respective owners and their use herein does not imply sponsorship or endorsement of their products or services. This website is not intended to offer loan services for properties in New York. *A prequalification is not an approval of credit, and does not signify that underwriting requirements have been met. 
1.) Survey administered and managed by an independent third party following loan closing. 96% satisfaction rating refers to the rating our customers give our loan officers. 
2.) According to Trippel Survey & Research in October 2016. www.trippelsurvey.com.